Trackwise Signs Flex PCB Agreement with UK EV Manufacturer
October 6, 2020 | Trackwise Designs PLCEstimated reading time: 1 minute
Trackwise Designs has signed a three-year agreement to manufacture and supply flexible printed circuit (FPC) boards to a UK manufacturer of electric vehicle (EVs). The agreement has the potential to be worth up to £38 million over the period.
The large quantity and precisely defined cell connections and monitoring locations in battery modules are well-suited to FPCs. Using FPCs in EVs saves part count and assembly time, leading to increased efficiencies during build processes. They also save space and weight in the final product, enabling the vehicle to go further on a single charge and reducing vehicle emissions. FPCs produced using Trackwise’ patented Improved Harness Technology™ (IHT) can be made to any length depending on requirements and manufacturers are no longer restricted to traditional, shorter lengths.
The UK government has ambitions for domestic companies to be at the global forefront of ultra-low emission vehicle (ULEV) development, manufacture and use. In 2017, their Industrial Strategy included an investment of £274 million into the Faraday Battery Challenge to develop, design and manufacture world-leading batteries in the UK. The resulting increase in green vehicles will contribute to economic growth whilst reducing greenhouse gas emissions and improving air quality.
Commenting on World Electric Vehicle Day on 9 September 2020, UK Business and Industry Minister, Nadhim Zahawi said, “From multi-million-pound investments in electric vehicle charging points to consulting on ending the sale of new petrol and diesel cars and vans, we’re making certain that the future of UK transport is green.”
Philip Johnston, CEO of Trackwise, commented, “The UK was the first major economy to set a legally binding target to cut its greenhouse gas emissions to ‘net-zero’ by 2050. We’re delighted to be working with a UK-based EV manufacturer at the forefront of driving the adoption of sustainable technologies and we acknowledge and are grateful to the support of the Faraday Battery Challenge. The selection of Trackwise to help power EVs at scale is a fantastic endorsement of how our technology can help the UK build a robust and reliable domestic supply chain. This in turn will help the government achieve its goal in significantly reducing CO? emissions.
Suggested Items
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
Europe’s IT, Business Services Sector on the Rebound in Q1: ISG Index
04/15/2024 | BUSINESS WIREEurope’s demand for IT and business services in the first quarter rose for the first time in a year, powered by growth from the banking, financial services and insurance (BFSI) sector, according to the latest state-of-the-industry report from Information Services Group (ISG), a leading global technology research and advisory firm.
FTG Announces Q1 2024 Financial Results
04/12/2024 | Firan Technology Group CorporationDuring Q1 2024, the Corporation has continued to invest in technology in existing sites, grow the business organically, and integrate the two acquisitions completed last year. FTG is strategically deploying its capital in ways that will drive increased shareholder returns for the future in both the near term and long term. Specifically, FTG accomplished the following in Q1 2024, which continues to improve the Corporation and position it for the future:
Electronic System Design Industry Posts $4.4 Billion in Revenue in Q4 2023, ESD Alliance Reports
04/09/2024 | SEMIElectronic System Design (ESD) industry revenue increased 14% to $4,423 million in the fourth quarter of 2023 from the $3,879.9 million logged in the third quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced today in its latest Electronic Design Market Data (EDMD) report.
Wistron’s Wise Cap Invests in GEOSAT Aerospace & Technology
04/09/2024 | WistronWistron Corporation announced that its wholly-owned subsidiary, Wise Cap Limited Company, has participated in a private placement of common shares for GEOSAT Aerospace & Technology Inc., investing a total of NT$1.0 billion.